The Bob Crewe Foundation
- Assets
- $16.9m
- Revenue
- $955.8k
- Investments
- $15.5m
- Employees
- 0
- Location
- Cumberland Foreside, ME
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 38-4008387
Organization Overview
The Bob Crewe Foundation is located in Cumberland Foreside, ME. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bob Crewe Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bob Crewe Foundation generated $955.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bob Crewe Foundation has awarded 243 individual grants totaling $7,139,695. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel N Crewe President | 15 | $30,000 | |
Ken Blaschke Treasurer | 1 | $2,000 | |
David Backer Secretary | 1 | $2,000 | |
Judith Young Director | 1 | $2,000 | |
Craig Cooper Director | 1 | $2,000 | |
Meg Baxter Director | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Headinvest Llc | 12/30/21 | $93,899 |
Solotoff Law | 12/30/21 | $63,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,345 |
| Interest on Savings | $0 |
| Dividends & Interest | $305,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,380 |
| Capital Gain Net Income | $27,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $569,674 |
| Total Revenue | $955,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,154 |
| Interest | $0 |
| Taxes | $42,716 |
| Depreciation | $0 |
| Occupancy | $26,386 |
| Travel, conferences, and meetings | $2,852 |
| Printing and publications | $0 |
| Other expenses | $239,698 |
| Total operating and administrative expenses | $737,870 |
| Contributions, gifts, grants paid | $796,943 |
| Total expenses and disbursements | $1,534,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,880 |
| Savings and temporary cash investments | $58 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $997,344 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61,109 |
| Total assets | $16,879,331 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Bob Crewe Foundation has awarded $796,943 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
317 MAIN COMMUNITY MUSIC CENTER PURPOSE: OPERATING SUPPORT | $280 |
317 MAIN COMMUNITY MUSIC CENTER PURPOSE: OPERATING SUPPORT | $15,000 |
FULL PLATES FULL POTENTIAL PURPOSE: OPERATING SUPPORT | $25,000 |
MAINE CENTER FOR ECONOMIC POLICY PURPOSE: OPERATING SUPPORT | $5,000 |
MAYO STREET ARTS PURPOSE: OPERATING SUPPORT | $2,000 |
MAINE COLLEGE OF ART AND DESIGN PURPOSE: OPERATING SUPPORT | $232,563 |